XRP $3 Club is Closed, Ethereum (ETH): Chance For $4,000, Bitcoin (BTC): Is $120,000 Not Available?
Main Idea
The article discusses the current price trends and potential future movements of XRP, Ethereum (ETH), and Bitcoin (BTC), highlighting key support and resistance levels.
Key Points
1. XRP's price has declined from its July peak of over $3.70 to around $2.92, with the $3 level no longer acting as support; the next area of interest is the $2.70-$2.60 zone.
2. Ethereum (ETH) has dropped nearly 10% from its local peak and is trading close to $3,620; the 26 EMA around $3,480 could offer support if selling pressure lessens.
3. Bitcoin (BTC) failed to break the $120,000 level and is currently trading at about $114,798; the 26 EMA at $111,800 is the next line of defense, with further support at the 50 EMA around $107,000.
4. The Relative Strength Index (RSI) for XRP and Ethereum indicates neutral to bearish conditions, while Bitcoin's RSI suggests the bullish push is no longer in control.
5. Key support levels for XRP, Ethereum, and Bitcoin are identified, with potential for further declines if these levels are breached.
Description
Market faces wave of selling pressure that can create foundation for price drop
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